Analyst Study on KBR and Jacobs Engineering Group -- Defense Market Dwindling, Time to Look Elsewhere
24 September 2010 - 10:40PM
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The contract based Technical Services industry could suffer
during the coming years as the United States Department of Defense
works to rein in spending. With the Iraq war in decline, many
renewable contracts have gone off the books. Also, Secretary of
Defense Robert Gates has set the military's focus on affordability
measures by incentivizing cost management. With the goal set at
reducing spending by $100 billion during the next five years,
companies within the Technical Services sector that receive a large
portion of their revenues from military contracts will be forced to
look elsewhere to remain profitable. Visit us at
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catalysts and forces driving or affecting companies in the
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While Iraq contracts are dwindling, worry surrounding Iran's
renewed focus on nuclear development could cause defense spending
to pick up throughout the world. The U.S. defense budget is
currently slated to increase 4% this year which might prove
beneficial for companies like Jacobs Engineering Group Inc. Jacobs
Engineering has recently inked a $3.4 million contract with the
U.S. Army. Investors can access free research on Jacobs Engineering Group Inc. now by signing up at
http://wallstreetequityresearch.com/September242010JacobsEngineeringGroupInc.(JEC)240910.php.
To offset some of the loss associated with dwindling U.S.
military contracts, companies within the technical services sector
are looking to expand into emerging markets which are anticipated
to develop at a faster rate than mature ones. The primary targets
of the industry are mining infrastructure, oil and gas exploration,
and power generation. KBR Inc. for instance was recently awarded a
contract worth $1.3 billion for engineering, procurement management
and construction management for Rio Tinto and Hancock Prospecting
mine in Western Australia. Investors can register today at
http://wallstreetequityresearch.com/September242010KBRInc.(KBR)240910.php
to download the full report on KBR Inc.
In the emerging market of India, companies are hoping to tap
into the $10 billion expected to be invested in the fertilizer
industry.
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